Resolution

RESOLUTION

Summary

This Resolution may be used where the trustees / directors / members / partners of a legal entity such as a trust, company, partnership or close corporation wish to pass a resolution in order for the organisation to enter into a transaction, agreement, or conduct a particular activity. 

More information

Why do I need a Resolution?

Before an organisation can enter into a transaction or legal agreement, or conduct particular activities, the consent of the trustees / directors / members / partners is generally required. This resolution strives to record the consent.

What type of business should use a Resolution?

If your business is a legal entity with more than one trustee / director / member / partner, then this Resolution may be considered in order to authorise the organisation to enter into transactions, agreements, or conduct particular activities.

What does the Resolution say?

The Resolution consists of:

• The details of the transaction, agreement, or activity
• The details of the person authorised to enter into the transaction, agreement, or activity on the legal entity’s behalf

What does the Resolution look like?

• The agreement can be printed onto one A4 page.

What do you need to do to use the Resolution?

• Read the document to ensure that it suits your requirements. Make changes as required.
• Complete the relevant details, and get the trustees / directors / members / partners to sign.

Also known as:

• Authorisation
• Company Resolution
• Company Authorisation

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